Resources for Responsible Home Ownership - Own Responsibly, Save Shamelessly!
In the real estate world, bloggers, journalists, brokers and their associations all take a very unilateral view of the housing market with regards to banks and lending. It is almost as if we think there is some endless supply of money out there, and the banks sit on top of it like greedy little leprechauns, [...]
Move over FICO, there’s a new game in town. Well, not entirely. In partnership with FICO, CoreLogic is creating a new credit scoring model that will dig even deeper than before. While people will be scored within the same range of 300 to 850, a few new factors will be taken into account, which apparently [...]
In this day and age of distressed homeowners and their dastardly dereliction of duties that lead to default after default, lenders are starting to take a closer look at who they trust with their piles of cash. Naturally, no system exists where the lenders actually sit down and have a conversation with borrowers to assess [...]
By now, it should be clear to even the most casual observer that real estate is by no means a completely safe investment. In fact, recent experience has shown that real estate is far from it – for millions upon millions of people, buying a house has turned out to be the worst investment they [...]
Home purchase is a very big deal, and preparing for this big step is an oft-misunderstood process that is in constant change. Just a couple of years ago, a buyer’s preparation was mostly left up to the buyers themselves. Yet after learning their lesson, the mortgage industry has locked down. It can definitely be frustrating [...]
The other day I blogged about the importance of researching one’s mortgage options. As a refresher, Americans spend on average more than twice as long researching a car purchase than which mortgage they are going to use, even though one has about 5X more of a financial impact than the other. While my previous recommendation [...]
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